KKR & Co. Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	6,145	4,906	5,357	-417.61	12,452
Depreciation & Amortization	-162.53	-119.32	68.3	364.16	386.87
Stock-Based Compensation	722.11	746.44	618.47	730.24	529.82
Other Adjustments	4,916	1,807	-17,670	5,900	-12,177
Changes in Trading Assets	-9,206	-697.83	-8,555	-10,425	-10,607
Change in Receivables	408.54	565.78	1,061	685.49	685.8
Changes in Accrued Expenses	2,039	2,122	542.82	-3,125	2,141
Changes in Other Operating Activities	395.59	-2,644	-601.04	1,009	-589.04
Operating Cash Flow	477.76	6,650	-1,494	-5,279	-7,177
Operating Cash Flow Growth	-92.82%	-	-	-	-
Capital Expenditures	-160.77	-141.54	-108.39	-85.06	-102.05
Purchases of Investments	-92,790	-75,818	-29,488	-47,191	-58,618
Proceeds from Sale of Investments	76,815	56,877	25,654	35,356	49,567
Payments for Business Acquisitions	-146.27	-	-	-1,691	-473.78
Other Investing Activities	0.01	34.71	59.46	-36.47	20.49
Investing Cash Flow	-16,282	-19,047	-3,883	-13,647	-9,606
Long-Term Debt Issued	27,075	29,137	16,383	20,439	30,369
Long-Term Debt Repaid	-25,123	-25,677	-12,764	-13,911	-21,474
Net Long-Term Debt Issued (Repaid)	1,952	3,460	3,619	6,528	8,896
Issuance of Common Stock	-	-	-	-	38.46
Repurchase of Common Stock	-3.36	-	-289.84	-346.65	-269.71
Net Common Stock Issued (Repurchased)	-3.36	-	-289.84	-346.65	-231.25
Issuance of Preferred Stock	2,543	-	-	-	-
Repurchase of Preferred Stock	-	-	-	-	-500
Net Preferred Stock Issued (Repurchased)	2,543	-	-	-	-500
Common Dividends Paid	-649.94	-612.07	-563.29	-444.34	-331.43
Preferred Share Dividends Paid	-118.6	-	-51.75	-69	-88.2
Other Financing Activities	13,709	4,229	10,060	16,387	12,619
Financing Cash Flow	17,432	7,076	12,774	22,055	20,364
Effect of Exchange Rate Changes on Cash and Cash Equivalents	155.57	-118.95	25.41	-	-
Net Cash Flow	1,784	-5,440	7,423	3,129	3,582
Free Cash Flow	317	6,508	-1,602	-5,364	-7,279
Free Cash Flow Growth	-95.13%	-	-	-	-
FCF Margin	1.55%	27.93%	-10.87%	-76.39%	-45.43%
Free Cash Flow Per Share	0.33	6.93	-1.76	-7.16	-11.50
Levered Free Cash Flow	-2,891	5,055	-1,353	-6,325	4,753
Unlevered Free Cash Flow	-5,546	685.59	-6,569	-10,673	-4,390

Updated Feb 5, 2026. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.

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